EFTA00200731.pdf

Statements EFTA00200731 CLEARED THRCOGH nS meekly 0He.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nage York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE GCHERMAN.IRA 67A\ uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 5 Your Messages 6 Your Portfolio at a Glance 11111111111111111 1 1 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equvalent 4 $69.695 TOTAL VALUE OF SECURITIES THIS PERIOD' 4,004,413 g $55.575 NET CREDIT BALANCE 69,695 Equities — III$3ttti6OOJ4i4713 NET EQUITY THIS PERIOD $4,074,108 NET EQUITY LAST STATEMENT 3,902,362 CHANGE SINCE LAST STATEMENT 171,746 'MS pOOtOliO oidudOS CM or mm unpaid MOMS°. rat No not MiOned r. Me Taal Vale of Stowe., ara he Nee Cave/ THs Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P1050 loped oaf cliteronoo a contacted of &Ca or MOCKS. old1C0100 as &Orate to 'to. to Clem Sanion at 800611142e: a swim to Clam SONIC.. M Bow. Steam &comas Cap.. Doe lActolece Cooke North. BrooNyn NY II2014059 Current market yak* EN Last statements market Sue Beer. Stowe& SOC‘ritiet 000. Ore Monica+ Center North Beccidon. New Yelt 112014559 JEFFREY EPSTEIN STATEMENT PERIOD NOveniter 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT Novernter 28. 2003 Ate/. tin mowNITY N ter miOrmatnel Wiens Grey A H not derided as a ta. loon e The staternere should be retailed for your records See mem We for modem stomata, 027 01,0104:12:54 001 Important Message 11 any information regarding 2003interest. dividends. miscellaneous income. gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by February 2,2004 or a 1042S by March 15,2004. VS is EFTA00200732 CLEARED 1HROUGH RS YrisekLY 0"E0 S0BSIDIARY 848r. SZeirns SON, t44 COO. Ceol.letioloch Contot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,00:12:54 001 Y818 EFTA00200733 CLEARED THROUGH ITS niCkLY O‘P.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 ci Cash Flow Analysis THIS PERIOD Income Summary DC PERIOD YEAR TO DATE Opening Balance $55.574.84 Dividends 14,094.36 96,064.38 Other Dividends 0.00 3,162.50 Dividends Interest 14.119.80 Muni Bond Int. 0.00 9,162.43 Amount Credited $14.119.80 Credit Balance Int. 25.44 548.95 Net Cash Activity 14.119.80 Total $14,119.80 $108,938.26 ClosingBatance $69,694.64 Portfolio Composition CashiCash Equivalent 69.695 Cash Balance Summary Equities 4.004.413 OPENING CLOSING Cash 55,574.84 69,694.64 Total $4.074,108 Net Cash Balance $55.574.84 $69,694.64 Your Portfolio Holdings CASH 8 CASH EQUIVALENTS DESORPTION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $69,695 SOABOL'OUSIP MARRS ESTIMATED CARMEN! OUANTITY PRICE VALUE uuvu.v. INCOME VELD ri.) 69.695 027 01/01.134:12:54 001 Beet. Saea•ns SOC,nbtl GOO. OtoLlebelech Center North Becck/on. New Ye* I1201.38S9 JEFFREY EPSTEIN STATEMENT PERK* November 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER AVAMER On Foe LAST STATEMENT November 28.2003 Your Portfolio Allocation Cash 8 Equrisa!eni IPv — Equities 99% UnsPadatl options deo* debt Ammo, 'not, Pal meet vacs. Tie alpabs percernar is clewed Item to absolute marital Vale 01 ITS polio" Y818 EFTA00200734 CLEARED THROUGH ITS WNW? 0\11,.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 c, Beef. Steams Seefeber OtoLletsolech Corder North Brock//n. New Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERK* November 29.2003 Your Portfolio Holdings (continued) EQUITIES Equities & Options Abel DESORPTION S1MBOUWSIP TFE OuANTITY PRCE MARKET YALU( ESTIMATED MIMS WORE THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER WEISER De File LAST STATEMENT November 28.2003 DiFIRSVT TEO) 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unedited FELCOR LODGING TRUST INC FCH CASH 2.000 11.0800 22.160 GLENBOROUGH REALTY TRUST INC GI B CASH 2.000 19.9500 39.900 2.800 7.0175 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 22.3800 44.760 3.846 8.5925 HRPT PROPERTIES TR-SBI HRP CASH 10.000 10.0900 100.900 8.000 7.9286 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 41.2800 82.560 5.760 6.9767 S8I JOHNSON& JOHNSON JNJ CASH 57.800 51.6600 2.985.948 55.488 1.8583 KRAMONT REALTY TRUST KRT CASH 2.000 18.1000 36.200 2.600 7.1823 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 47.6500 20.775 889 4.2792 INC PENNSYLVANIA REAL ESTATE PEI CASH 1.794 36.3000 65,122 3.875 5.9504 INVESTMENT TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 28.3000 339.600 20.160 5.9364 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.1600 3.160 TOO INC TOO CASH 15.600 16.8800 263,328 Total Equities& Options $4.004.413 $103,418 TOTAL EQUITIES $4.004.413 $103,418 027 01,0104:12:54 001 Y818 EFTA00200735 CLEARED THRWGH ITS niCkLY OWAEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 c/ Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME $103.418 YOUR PRICED PORTFOLIOHOLDINGS $4.074.108 Transaction Detail DIVIDENDS Beer. Szeon Seontel Corp. Ore Mevolech Center North Beccidon. New Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Noventter 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER MASSER Cn File LAST STATEMENT November 28.2003 DA'E DESCRIPTION SYMBOLACVSIP ITAJANTiTe RATE IS) DEETT AMOUNT MOO AMOUNT 12i09/03 12/15/03 JOHNSON& JOHNSON REC 11/18/03 PAY 12/09/03 PAN PACIFIC RETAIL PROPERTIES INC REC 1U28/03 PAY 12/5.03 JNJ PNP 57.800 436 0.2400 0.5100 13.872.00 222.36 TOTAL $14.094.36 INTEREST DATE OESCRETION 12/22/03 INTE EDIT BALANCE Amiss AT 00. 1,21 - 12120 TOTAL STAA8CtIOUSIP CANNTITY RATE 154 ceevr AMOUNT CREDIT AMOUNT 25.44 $25.44 027 01,0104:125: 001 Y818 EFTA00200736 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Bar Florida residents who own, manage, or control stocks, bonds, money market or mutual funds having a value of $20,000 or more for individuals or $40,000 for married couples filing jointly must pay a tax on these items, called "Intangible Tax', by June 30 to avoid increased penalties. For Tax Returns and information, call the Department of Revenue at 1.800.352.3671, Excess SIPC Account Protection Update Bear, Steams Securities Corp. ('BSSC'), a member of the Securities Investor Protection Corporation (SIPC"), provides account protection for the net equity of a customer's funds and securities positions, SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage"). Visit vnvw,sipc,org for more information about SIPC Coverage. BSSC provides the additional protection ("Excess SIPC") through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company ("CAPCO"), a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities. End of Statement Beer. SZeirns S0N,14,1 Dap. CcoMetsclech Cantm North Beccidon. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 ACCCUNT NUMBER TAXPAYER KAMER OTI Foe LAST STATEMENT November 28.2003 As part of the National Association of Securities Dealers (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request. 027 01,01,04:12:54 001 YSIS EFTA00200737 CLEARED THROWN ITS YiHMV OME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IRA IA1 uearstearns.com What's In This Statement 1111,111111111111 I I Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CrO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN 6100 RED HOOK WATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Eqwealent 4 $55.576 TOTAL VALUE OF SECURITIES THIS PERIOD' 3.846,787 g 851.021 NET CREDIT BALANCE 55,575 NET EQUITY THIS PERIOD $3,902,362 NET EQUITY LAST STATEMENT 3,891,902 CHANGE SINCE LAST STATEMENT 10,460 Mt portfolio ouluclas cm or mm unpoco0 000urbos tat are not related ., ft Taal Yaks. of Socwbeo and the Oki &SHY Tlie Paka There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. EquWes Ploza ropai oaf Ortoronoo a nantactig ol teas or stocks. calcolal as doltroral to you. lo Cleni Sone*. 01 800834.1428: a yet lo Clem Santos a Boat &oar@ &curries Cap.. One Mflolali Coolly Horth. Ormobri, NY lizobsess Current market vote isig Last statements market value $3.846.787 33.840.881 Beer. SZ8trn5 Sec , t4,1 Cal‘ Ore Mos o I cc h Comm North Becck/on. New Yuk 112014859 JEFFREY EPSTEIN STATEMENT PER100 Noventer 1.2003 THROWN Noventer 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On Fee LAST STATEMENT °MOW 31.2003 g ir TNE anTMTY for ON088008Mwoeses My. I Is cm Mended as a tat dcanws Tres statement errata ta retained for your records. See rearm sea for resonate nfamarse 027 114903:08:43 001 V8 Is EFTA00200738 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns Seca0k1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,2803:08:43 001 Y818 EFTA00200739 CLEARED TNROOOH nS vnMOUv O"EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis Income Summary This PERICO RC PERIOD YEAR TO DATE Opening Balance $51.020.75 Dividends 4,515.00 81,970.02 Other Dividends 0.00 3,162.50 Dividends/Interest 4,537.19 Muni Bond Int. 0.00 9,162.43 Miscellaneous 16.90 Credit Balance Int. 22.19 523.51 Amount Credited $4,554.09 Total $4,537.19 $94,818.46 Net Cash Activity 4,554.09 Closing Balance $55.574.84 Portfolio Composition Cash/Cash Equivalent 55.575 Equities 3.846.787 Cash Balance Summary CLOSING Total $3.902.362 808f. SZeirns S0C,nkti Cap. Cc* Mem:leen Centec North Beccidon. New Ire* 11201.3859 JEFFREY EPSTEIN STATEMENT PERI0D Novemter 1.2003 THROUGH Noventer 28.2003 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT COMO& 31.2003 Cash 51.020.75 55,574.84 Your Portfolio Net Cash Balance 551.020.75 $55,574.84 Allocation Cash 8 Equica'e- t 1% — Equities 99% Un*oded demons den* debt Wane" anew OM Rance yews. The Omar, percernar clrked kern to ',wove /whet value of evc. palkno 027 11t29O3:O8:43 001 Y818 EFTA00200740 CLEARED THROUGH ITS vrisekLY OM V,E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Beer. SZeirns SON, 14,1 COO. Cc* Neboloch Cora og North BrodCon. New VC* I1201.3SS9 JEFFREY EPSTEIN STATEMENT PERIOD Noventer 1.2003 Your Portfolio Holdings THROUGH ACCCUNT NUMBER Novernter 28.2003 CASH & CASH EQUIVALENTS TAXPAYER WESER On File LAST STATEMENT OCTObef 31.2003 MOMS ESTIMATED CURPENT DESORPTION SYMBOLOUSIP DUMMY PRICE VALUE !MS INCOME YIELD I%4 CASH BALANCE 55.575 TOTAL CASH & CASH EQUIVALENTS $55.575 EQUITIES Equities & Options AOCT IMFO(E1 ESTIMATED CURRENT DESORPTION SIMBOUOUSIP TYPE OUAHTITY PRICE VALUE ANNUAL INCOME VELD I%) CANHORN CHEMICAL CORP CNCPF CASH 19 IMprkted FELCOR LODGING TRUST INC FCH CASH 2.000 10.5700 21.140 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.6500 39.300 2.800 7.1247 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.8100 43.620 3.846 8.8171 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.7000 97.000 8.000 8.2474 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 39.5500 79.100 5.760 7.2819 S81 JOHNSON& JOHNSON JNJ CASH 57.800 49.2900 2.848.962 55.488 1.9477 KRAMONT REALTY TRUST KRT CASH 2.000 18.0800 36.160 2.600 7.1903 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 46.4500 20.252 889 4.3897 INC PENNSYLVANIA REAL ESTATE PS CASH 1.794 34.5000 61.893 3,875 6.2608 INVESTMENT TROST-Sal MASCO GERSHENSON PROPERTIES RPT CASH 12.000 26.0500 312.600 20.160 6.4491 TRUST-MD 027 11,29,03,0B:43 001 Vale EFTA00200741 CLEARED THRWGH ITS vniCkLY 0MhE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 5 or Your Portfolio Holdings (continued) Equities & Options (continued) DESORPTION SYMBOU0150. ACC, TPE OLIANTITT PACE MARKET VALLE ESTIMATED CURRENT ANMJAL INCOME yap nu SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 2.0600 2.060 TOO INC TOO CASH 15,600 18.2500 284.700 Total Equities& Options $3.846.787 $103.418 TOTAL EQUITIES $3.846.787 $103,418 YOUR TOTAL ESTIMATED ANNUAL INCOME $103.418 YOUR PRICED PORTFOLIOHOLDINGS $3.902.362 Transaction Detail INVESTMENT ACTIVITY Beer. SZeirhs SOC,r44,1 Cory. 0-41km:tech Center North aro:kW% New York 112013959 JEFFREY EPSTEIN STATEMENT PERIOD NOveMEef 1.2003 THROUGH Novernter 28.2003 ACCCUNT NUMBER TAXPAYER WEBER Ofl File LAST STATEMENT WOW 31.2003 SETTLEMENT MADE DATE DATE TRANSACDON DESCRIPTION ST/AGO-CUSP ov.wrir, PRCE DE8iT AMOUNT CREPT AMOUNT 11/21/03 EXCHANGE CROWN AMERICAN REALTY TRUST -5.000 C621722 TO MERGER Cp. REAL 11/21/03 EXCHANGE PENNSYLVANIA REAL ESTATE PEI 1.794 Nr TRUST-Sal FROM C621722 0.3589 PENN REAL TOTAL 027 II.2103:08:43 001 %EIS EFTA00200742 CLEARED THROUGH ITS ?mem.? 0" ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 6 c/ Transaction Detail (continued) DIVIDENDS DATE DESCRPTION 11/07/03 CROWN AMERICAN REALTY TRUST REC 10/27103 PAY 11/07/03 SYMBCL.CuSe Beet. Neon Seonmr Cory. Cc* Metsolech Center North 0eock11n. New Ye* 11201 3959 JEFFREY EPSTEIN STATEMENT PERIOD NOYEMINN 1.2003 THROUGH November 28.2003 ACCCUNT NUMBER TAXPAYER WEBER OR File LAST STATEMENT October 31.2003 CAAMMT, RATE (SI DEBIT AVOW DIEM AMOUNT 5.000 0.2150 1,075.00 11/20/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1.440.00 SBI REC 10/28/03 PAY 11/20/03 11/21/03 HRPT PROPERTIES TR-SBI REC 10122/03 PAY 11/21103 HRP 10.000 0.2000 2.000.00 TOTAL $4,515.00 INTEREST DA'E CESCP PION 11/21103 INTEREST ON CREDIT BALANCE 0.5000 AT 0 1:21/4 111'21 THRU 11:20 STMEICIAUSIP OUPARITT RATE I%4 CEBU AMOUNT CREDIT AMOUNT 22.19 TOTAL $22.19 MISCELLANEOUS DATE ma OM TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREPT ANOLINT 11/21/03 CASH.LIEU PENNSYLVANIA REM. ESTATE 16.90 INVESTMENT TRUST-SBI MERGER 6%3589 PENN REAL TOTAL $16.90 027 11,2303:06:43 001 7919 EFTA00200743 CLEARED IHRCOGH ITS ViHOU.Y OWED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nen York 10179 ACCOUNT EXECUTIVE TELEPECCE VISIT OUR WEBSITE Z:CHERMAN.IRA ri IA1 uearstearns.com What's In This Statement 11111111111111111 I I Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 3 CIO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' 3.840.881 Market Value of Your Portfolio Cash 8 Eqievalent $51.021 43.651 3 NET CREDIT BALANCE 51.021 Equines — 13.840.881 . . . . $3.773.562 NET EQUITY THIS PERIOD $3.891.902 Current market vibe NET EOUITY LAST STATEMENT 3.817.213 EN Last statements market value CHANGE SINCE LAST STATEMENT 74.689 p0(110110 newts ao or mot urpescoa socurnos tat mo non relined nix Taal Yea of Smarms and ine Na Cady Qin Pend There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ple.mo road oar diroronoe a ror.rooligof toss or MOCKS. norm.] as dolicoroa to au. lo aunt Swan of 800611.1428: a ono lo Clom SONIC.. at Bow. Smarm Smarms Car.. One Mainotun Case Nora. BrooUrn, NY. I12014059. Baia. DeernS Sauget Cap. One Matrotech Ceara North Brodern. New York 1120/3859 JEFFREY EPSTEIN STATEMENT PERIOD OCIOter 1.2003 THROUGH Octoter 31.2003 ACCCUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Sepleater 30.2003 ST Tin SOT.Tani a Scembrel prepases ally. Risme Mended asa doomed Gm arm ee shodd be retained for your records Set memSofa rowan aroma= 027 11001 S:14:02 001 flit EFTA00200744 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11)01,03:14:02 001 Y818 EFTA00200745 CLEARED THRWGH ITS CMP.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 1O179 3 cis Cash Flow Analysis Income Summary THIS PERIOD TIC PERIOD YEAR TO DATE Opening Balance $43,65O.82 Dividends 7,351.6O 77,455.O2 Other Dividends O.OO 3,162.50 Dividends Interest 7,369.93 Muni Bond Int. O.OO 9,162.43 Amount Credited $7,369.93 Credit Balance Int. 18.33 5O1.32 Net Cash Activity 7,369.93 Total $7,369.93 $90,281.27 ClosingBalance $51,O2O.75 Portfolio Composition CashiCash Equivalent 51,O21 Cash Balance Summary Equities 3.84O,881 OM. r,G CLOSPIG Cash 43.65e82 51,020.75 Total $3.891.9O2 Net Cash Balance $43.65O.82 $51,020.75 Your Portfolio Holdings CASH & CASH EQUIVALENTS CIESCRIn011 CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $51,021 SYMBOL'CUSIP MARNE, ESTIMATED CURRENT OUANTITY PRICE VALUE ;AMU. INCOME 'MIDI%) 51.O21 027 11)01MS:14:02 001 Beet Stea•ns SON,I*1 Cory. Ore Mebelech Center North Becck/on. Hew Pe* 1201.3869 JEFFREY EPSTEIN STATEMENT PER100 October 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT September 30.2003 Your Portfolio Allocation Cash & Equrisa!enl • — Equities 99% Unshaded portions deo* debt Wane" emit, OM market vacs. Ths Omar, serer: re is clewed Item te absolute marital value of ITS patio" EFTA00200746 CLEARED THROUGH ITS YrisCLLY 0WLE0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings (continued) STATEMENT PER100 THROUGH ACCOUNT NUMBER October 1.2003 October 31.2003 EQUITIES TAXPAYER KAMER On File LAST STATEMENT September 30.2003 Equities & Options ACCT MARKET ESTIMATED CURFENT DESLRa'ititi SYMB0UCUSIP TYPE 0UANIITT PRCE VALLE ANNUAL INCOME YEW DA/ CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.9800 59.900 4,300 7.1786 FELCOR LODGING TRUST INC FCH CASH 2,000 10.1900 20.380 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 19.5000 39.000 2,800 7.1795 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.1800 42.360 3,846 9.0793 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.3600 93.600 8.000 8.5470 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 36.6700 73.340 5.760 7.8538 581 JOHNSON& JOHNSON JNJ CASH 57.800 50.3300 2.909.074 55.488 1.9074 KRAMONT REALTY TRUST KRT CASH 2.000 17.1700 34.340 2.600 7.5713 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 44.3500 19.337 889 4.5974 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.1500 289.800 20.160 6.9565 TRUST-MD SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 2.3500 2.350 TOO INC TOO CASH 15.600 16.5000 257.400 Total Equities& Options 53.840.881 $103.843 TOTAL EQUITIES 53.840.881 $103.843 Beer. SZeirns SON, t4,1 CAP. Ore Metsolech Contof North Becck/on. New Year 11201.3859 JEFFREY EPSTEIN YOUR TOTAL ESTIMATED ANNUAL INCOME $103,843 YOUR PRICEDPORTFOLIOHOLDINGS $3,891,902 027 11)01,03:14:02 001 Y818 EFTA00200747 CLEARED THRWGH ITS wilekLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 5 vi Transaction Detail DIVIDENDS Beet Stea•ns SOC,A44,1 Gory. 0-4 Mem:1W+ Center North 8A5:100n. New TA* 11201.3859 JEFFREY EPSTEIN STATEMENT PER100 OCIOter 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER TAXPAYER /AMBER On File LAST STATEMENT SepteMber 30.2003 ME DESORPTION SYMBOAVSiP amarrny RATE (51 DEBIT AMOUNT OTED11 AMOUNT 10/15/03 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.3500 700.00 REC 10/01103 PAY 10/15103 10/15/03 GLIMCHER REALTY TRUSTSBI GRT 2.000 0.4808 961.60 REC 09130/03 PAY 10/15/03 10/21/03 RAMO GERSHENSON PROPERTIES RPT 12.000 0.4200 5640.00 TRUST-MD S81 AEC 09/38103 PAY 1621/03 10/22/03 KRAMONT REALTY TRUST KAT 2.000 0.3250 650.00 REC 09129/03 PAY 10/22/03 TOTAL 57,351.60 INTEREST DATE OESORPTION 10/21/03 INTEREST ON CREDIT BALANCE 0.5000 AT 0 1/2% 09121 THRU 10/20 SYMBOL/1:1)51P OUNODY RATE IOU SEEP AMOUNT CREDIT AMOUNT 18.33 TOTAL $18.33 End of Statement 027 11/01/03;14:02 001 VS1S EFTA00200748 CLEARED THRIXIGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPICCE VISIT OUR WEBSITE ZI3HERMAN.IRA 61AV . uca'stear,•.s.00711 What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 5 Your Messages 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' NET CREDIT BALANCE 11111111111111111 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio 3.773.562 Cash a Egumalent 1 $43.651 328.467 43.651 NET EQUITY THIS PERIOD $3.817.213 NET EOUITY LAST STATEMENT 3.807.979 CHANGE SINCE LAST STATEMENT 9.234 •ThIS petite,* dieludOS ono or mom owned SOCutIMS mat MO Ace "elected rt re TON YOU, of Seciabes and We Net (poly lin Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities — Plo.mo noon oaf dfforonoo or powwow of teas or mocks. moron! as &Orono io you. lo Deno Sonion of 800134-1428: or yam to nom SONIC.. a Bow. Steam &comes Cop One lAttoIecl, Carle, Norm. Breelbn. N.Y. 112014859 Current market vaLue ME Last statements market value 53.773.562 $3.779.512 Eleer. SOMAS SOOdellitd Cap. Ono Mettotech Center Noah Eatodin. New Vod( 11201.3859 JEFFREY EPSTEIN STATEHEHT PERIOD August 30.2003 THROUGH September 30.2003 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 29.2003 stooTent s for ellededronol poem calyltera "'eroded as <Monet Tin scatetnero shield be retard for your records Soo revers* ode for wooden IIVOCIllatKa 027 1001,03:11:21 001 Important Message Bear Stearns is pleased to announce our conversion to a calendar month.end statement. Effective this month, your account statement reflects alt activity and account valuation up to and including the last business day of the month. Y813 EFTA00200749 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letioloch Cantot North Becck/on. New Volt 1120/3859 JEFFREY EPSTEIN 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10NI.D3:11:21 001 Y813 EFTA00200750 CLEARED 1HRWGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 cI Cash Flow Analysis THIS PERI00 Income Summary 16 PERIOD YEAR TO DATE Opening Balance $28,466.85 Dividends 15,169.36 70,103.42 Other Dividends 0.00 3,162.50 Dividends/Interest 15183.97 Muni Bond Int. 0.00 9,162.43 Amount Credited $15.183.97 Credit Balance Int. 14.61 482.99 Net Cash Activity 15,183.97 Total $15,183.97 $82,911.34 ClosingBatance $43,650.82 Portfolio Composition CashiCash Equivalent 43,651 Cash Balance Summary Equities 3.773,562 OPENING CLOSING Cash 28.466.85 43,650.82 Total $3.817,213 Net Cash Balance $28.466.85 $43,650.82 Your Portfolio Holdings CASH & CASH EQUIVALENTS COMPTON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $43,651 SYMBONCUSIP MAKE! ESTIMATED CURREN! OUANTITY PRICE VALUE ANNUAL INCOME VELD I%) 43.651 027 10.131A33:11:21 001 808f. SZeirns S0C,nbel COO. OtoLlebelech Cella North Becck/on. New Ye.* I i201.38S9 JEFFREY EPSTEIN STATEMENT PER100 August 30.2003 THROUGH Septeinter 30.2003 ACCCUNT NUMBER TAXPAYER NouSER On File LAST STATEMENT August 29.2003 Your Portfolio Allocation Cash & Equrisa!eni IPv — Equities 99% UnsPadatl potions deo* debt Wane" omit, OM menet vacs. he almalxin percernar is clewed corn to absolute marital value of >TYf palkno V813 EFTA00200751 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Beer. Stearns SOC.,44.1 COO. Ore Mosolech Cantu North Beo:kron. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PERM AuCmS1 30.2003 THROUGH Septeorbar 30.2003 Your Portfolio Holdings (continued) EQUITIES Equities & Options ACCT Dt.:..LP .UN SYMBOUCUSIP 7YPE OUANIITT PRICE MARKET VALLE ESTIMATED ANNUAL /COME ACCCUNT water, TAXPAYER AILIMER OR File LAST STATEMENT August 29.2003 CURRENT YEW DA/ CANICRN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.9000 59.500 4,300 7.2269 FELCOR LODGING TRUST INC FCH CASH 2,000 10.3600 20,720 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.8600 37,720 2,800 7.4231 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.0700 42.140 3,846 9.1267 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.1400 91.400 8.000 8.7527 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 35.0800 70.160 5.760 8.2098 581 JOHNSON& JOHNSON JNJ CASH 57.800 49.5200 2.862.256 55.488 1.9386 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33.900 2.600 7.6696 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 43.0000 18.748 889 4.7418 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 25.4500 305.400 20.160 6.6012 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.8300 1.830 TOO INC TOO CASH 15.600 14.7300 229.788 Total Equities& Options $3,773,562 $103,843 TOTAL EQUITIES $3,773,562 $103,843 YOUR TOTAL ESTIMATED ANNUAL INCOME $103,843 YOUR PRICEDPORTFOLIOHOLDINGS $3,817,213 027 1013103:11:21 001 11513 EFTA00200752 CLEARED THRWGH ITS Putty, 0Oh.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 Transaction Detail DIVIDENDS Beer. SZeirhs SOC.,44.1 GNP. 0-4 Mevolech Canto North Beceicon. New Tot 11201.3559 JEFFREY EPSTEIN STATEMENT PER100 AuguS1 30.2003 THROUGH Septenter 30.2003 ACCCUNT NUMBER TAXPAYER KAMER On FIk LAST STATEMENT August 29.2003 DVE DESORPTION STMEICUCUSIP OUMFTITT RATE (DI DEBIT AMOUNT CREDO AMOUNT 09/09/03 JOHNSON& JOHNSON JNJ 57,800 0.2400 13,872.00 REC 08/I 9103 PAY 09/09/03 09/12/03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2150 1,075.00 REC 08/29/03 PAY 09/1203 09/15/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 INC REC 08/29/03 PAY 0911903 TOTAL $15.169.36 INTEREST DATE DESORPTION 09/22/03 INTEREST ON CREDIT BALANCE 0.5000 AT 0 1/2% 08121 THRU 09/20 STMEICIAUSIP OWARITT RATE ITO ceen AMOUNT CREDO AMOUNT 14.61 TOTAL $14.61 027 10.01.133:11:21 001 PSIS EFTA00200753 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31, 2003 and July 31, 2003, the Company's net capital of approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $799.5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively. A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site wmv.bearstearns.com. Alternatively, to request a free printed copy please call • toll free 1.666.299.9331. Beer. SZeirns SON, t4,1 Dap. CeoLlevalech Cella North Beccioon. New re* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD August 30.2003 THROUGH Septemter 30.2003 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT August 29.2003 Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following: You can lose more funds than you deposit in the margin account. The firm can force the sale of securities or other assets in you account(s), The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its 'house" maintenance margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. 027 latIA33:11:21 001 Y813 EFTA00200754 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY BUR STEARNS OFFICE SERI/ICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 This statement is provided to explain Bear, Steams & Co, Ina (BSC') payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities, Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. End of Statement fige Beer. Szeiree Secvehti Dap. CcoMetioloch Contm North BrodCon. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD August 30.2003 THROUGH Septeinter 30.2003 ACCCUNT water, TAXPAYER WESER Cfl File LAST STATEMENT August 29.2003 Pursuant to SEC Rule 11Ac1.6, please note the following: Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following web link: http://wvm,bearsteams,comf, Click on Individual Investor. Click on Equities, Click on Order Routing Practices. Customers of Bear, Steams & Co, Inc, may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 ICU01103:11:21 001 YS13 EFTA00200755 CLEARED THROUGH ITS WNW.? ON6EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Beer. StArt. SOC‘rititt CaP. Ore Mem:leen Cornet North Becck/on. Hew Yak 11201.3859 JEFFREY EPSTEIN ACCOUNT EXECUTNE ZICHERMAN.IRA STATEMENT PERK* Jug 26.2003 TELEPHONE THROUGH August 29.2003 VISIT OUR WEBSITE 61AV uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 I I TAXPAYER NUMBER On File Last STATEMENT .1U/t 25. 2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 3 CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK MATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD' 3.779,512 NET CREDIT BALANCE 28,467 NET EQUITY THIS PERIOD $3,807,979 NET EQUITY LAST STATEMENT 4,001,864 CHANGE SINCE LAST STATEMENT -193,885 'Ms ocean melodies ore or mm unpeRod iooreos Jl we not reacted mix Taal Yana, of Sew0es and the Net Eclat/ This Porta There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Cash a fawnlent $26.016 $28.467 Equities Plaza ropan ant delcommeo a castoceire of toes or stocks. mellealod as cliOcorod to p5u. lo Gent Sonia. al B00611.1428 a vat to ChM Smokes a Bow. Steam &conies Cap. One lAaliolock Cala North. Bnedbn, NY. I1201-3059. $3.779.612 Current market vote tog Last statements matket value $3.976.848 St TM, WITAXPi formfemmatMmal frames oNy is not "landed natal downers Ilvs statenwro should be retailed for your records Soo reverse Sr for main nkenatom 027 083003:13:45 001 Important Message Bear Stearns is pleased to announce our conversion to a calendar month-end statement. Effective September 2003.your account statement will reflect all activity and account valuation up to and including the last business day of the month. vat2 EFTA00200756 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns Secallkl COO. 0 -4 1.1evolech Contot North Brocklln• New VC* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 027 089003:10:45 001 Y812 EFTA00200757 CLEARED THRO00H ITS ?DIM? ODP.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 cis Cash Flow Analysis Income Summary THIS PER00 116 PERIOD YEAS TO DATE Opening Balance $25,016.08 Dividends 3,440.00 54,934.06 Other Dividends 0.00 3,162.50 Dividends/Interest 3.450.77 Muni Bond Int. 0.00 9,162.43 Amount Credited 53.450.77 Credit Balance Int. 10.77 468.38 Net Cash Activity 3.450.77 Total $3,450.77 $67,727.37 ClosingBatance $28.466.85 Portfolio Composition CashiCash Equivalent 28,467 Cash Balance Summary Equities 3.779,512 OPENING CLOSING Cash 25.01&08 28.46&85 Total $3.807,979 Net Cash Balance $25.016.08 $28.466.85 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRSTON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $28,467 SYMBOL'CUSIP MONET ESTIMATED CURREN! OLIANTITY PRICE VALUE ;Antal INC0NE YELD IT4 28.467 027 093DO3:13:45 001 808f. SZeirns SOC,nbtf COO. Ore Mebolech Center North Becck/on. New Tuft 11201.3859 JEFFREY EPSTEIN STATEMENT PERt00 Jug 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER TAXPAYER MAKER On File LAST STATEMENT JuD 25. 2003 Your Portfolio Allocation Cash & Equiyalenl • <1% I— Equities 99% UnsPaded potions deo* debt Wane" omit, OM meet vacs. he alocabon perceenne is de•ued Item to absolute marital value palkno Y812 EFTA00200758 CLEARED THROUGH ITS niCkLY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Beer. SZeirns SOC.,44.1 COO. Ore Mosolech Cantu North Beo:kron. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD JuN 26.2003 Your Portfolio Holdings (continued) EQUITIES Equities & Options ACCT Dt.:..LP .UN SYMBOUCUSIP 7YPE OUANIITY PRCE MARKET VALLE ESTIMATED ANNUAL /COME THROUGH August 29.2003 ACCCUNT NUMBER TAXPAYER AILIN3ER OR File LAST STATEMENT Jo& 25.2003 CURFEW YEW I/4 CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.2800 56.400 4,300 7.6241 FELCOR LODGING TRUST INC FCH CASH 2,000 9.6400 19.280 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.3500 36.700 3,440 9.3733 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 20.6600 41.320 3,846 9.3078 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.0700 90.700 8,000 8.8203 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.1400 62,280 5,760 9.2486 581 JOHNSON& JOHNSON JNJ CASH 57.800 49.5800 2.865.724 55.488 1.9363 KRAMONT REALTY TRUST KRT CASH 2.000 17.1500 34.300 2.600 7.5802 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 42.1000 18.356 889 4.8431 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.9800 299.760 20.160 6.7254 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6600 1.660 TOO INC TOO CASH 15.600 16.2200 253,032 Total Equities& Options $3,779,512 $104,483 TOTAL EQUITIES $3,779,512 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104,483 YOUR RRICEDPORTFOLIOHOLDINGS $3,807,979 027 02.30.61:13:46 001 MBI2 EFTA00200759 CLEARED THRWGH ITS 0%P.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 5 vi Transaction Detail DIVIDENDS DATE 08/21/03 DESORPTION HOSPITALITY PROPERTIES TRUST 881 REC 07/23/03 PAY 08121/03 STLIBOAUSW HPT arivany RATE (S/ 2.000 0.7200 DEBIT AMOUNT Beer. Saea•ns SeN•PRI COP OtoMetiotech Centp North Beccidon. New VC* 112013959 JEFFREY EPSTEIN STATEMENT PERM Jul/ 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER TAXPAYER WIPER CO File LAST STATEMENT Jul/ 25. 2003 MEDD AMOUNT 1,440.00 08/25/03 HRPT PROPERTIES TR•SBI REC 07/25/03 PAY 08125/03 HRP 10.000 0.2000 2,000.00 TOTAL $3.440.00 INTEREST De-e DESORPTION 0S'21/03 INTEREST ON CREDIT BALANCE AT 0 ii2k, 07:21 THRU 08:20 SYMECLOiree CCANTITI RATE 14 0.5000 CENT AVOW!' VRECIT MAC(1141 10.77 TOTAL $10.77 End of Statement 027 0820.03:13:45 001 1,112 EFTA00200760 CLEARED THROUGH ITS WHOU.Y 01W.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZIC,REHMAN.IRA www.Dea'slear,'s.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' 3.976.848 NET CREDIT BALANCE 25.016 NET EQUITY THIS PERIOD $4.001.864 NET EOU(TY LAST STATEMENT 3,944.973 CHANGE SINCE LAST STATEMENT 56.891 'Tea portfolio melodies ono or moro unpileod soouttios Tar No net relented r Be Taal Woe of Samisen erd the Na Egoly nn Ported There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111111111 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equivalent 1 $ $25.016 17.496 Equines Plo.mo mood ono drforomoo a rontocolel of crocks or stocks. milicolod as doltcorod to pou. To MHO Sone*. of 800611-1128: a ono lo ChM Santos a Boat. Room Securnos Coo.. One lAelmIoce Cameo North. BrotAbn, NY 112014884 Current market value Of Last statement's market value 13.976.848 $3.927.477 Bear. Steams SeCoolKel Corp. hm Metrotech Cooler North Elecck/on, No* Tom 112013859 JEFFREY EPSTEIN STATEMENT PERK* June 28.2003 THROUGH Jul/ 25.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 27.2003 Sit an sm•amerY s for Weema0MMI passes** It IS notMended as a tat d0Ciallirt Statement ORA hi retailed to, ye:WIS.:Or& Set Warn S. kr inwlart igenirdlln 027 177/26,031 0:09 001 2811 EFTA00200761 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074103:10:09 001 11811 EFTA00200762 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 cis Cash Flow Analysis Income Summary THIS PERIOD TINe PERIOD YEAR TO DATE Opening Balance $17.496.11 Dividends 7,511.60 51,494.06 Other Dividends 0.00 3,162.50 Dividends Interest 7,519.97 Muni Bond Int. 0.00 9,162.43 Amount Credited $7.519.97 Credit Balance Int. 8.37 457.61 Net Cash Activity 7,519.97 Total $7,519.97 $64,276.60 Closing Balance $25,016.08 Portfolio Composition CashiCash Equivalent 25,016 Cash Balance Summary Equities 3.976,848 OPENING CLOSING Cash 17.496.11 25,016.06 Total $4,001,864 Net Cash Balance $17.496.11 $25.016.08 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $25,016 SIMBOLDJSIP MARRS ESTIMATED CURRENT OUANTITY PRICE VALUE MN.NL INCOME YELO I%1 25.016 027 074103:10:09 001 Beet. SZeirns SON,14,1 COO. Cc* Mebolech Center North Beccidon. Hew Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 28.2003 THROUGH Juy 25.2003 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT June 27.2003 Your Portfolio Allocation Cash & Equivalent • <1% I— Equities 99% UnsPaded potion deo* debt Wane" emit, OM market vacs. Tie Moab", perform,' is de•ued Item te absolute marital value of pad,» V811 EFTA00200763 CLEARED THROUGH ns mom," °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Beer. SZeirns SON, 14,1 CO,P. Cc* Mem:tech Contm North BecciOon. New Teitt 112014869 JEFFREY EPSTEIN STATEMENT PERIOD June 28.2003 Your Portfolio Holdings (continued) EQUITIES Equities & Options ACCT DESI.J.:, "Qt/ SYMBOUCUSIP 7YPE *MOTT PRCE MARKET VALUE ESTIMATED ANNUAL NCOME THROUGH Juy 25.2003 ACCCUNT NUMBER TAXPAYER IMIUSER On File LAST STATEMENT June 27.2003 CURRENT YEW DA/ CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.2300 56.150 4,300 7.6581 FELCOR LODGING TRUST INC FCH CASH 2,000 8.5900 17.180 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 19.9000 39.800 3,440 8.6432 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 20.9000 41.800 3,846 9.2010 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.2600 92.600 8.000 8.6393 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 30.7500 61.500 5.760 9.3659 581 JOHNSON& JOHNSON JNJ CASH 57.800 52.2300 3.018.894 55.488 1.8380 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33.900 2.600 7.6696 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 41.7000 18.181 889 4.8897 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.2900 291.480 20.160 6.9164 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6310 1.631 TOO INC TOO CASH 15.600 19.4700 303,732 Total Equities& Options $3,976,848 $104,483 TOTAL EQUITIES $3,976,848 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104,483 YOUR PRICEDPORTFOLIOHOLDINGS $4,001,864 027 074103:10:09 001 V811 EFTA00200764 CLEARED THROUGH ITS niCkLY CA1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 5 Transaction Detail DIVIDENDS Beer. szeirns socv,ht, Gory. Cc* Mevolech Centec NOM Beccidon. New VC* T12014869 JEFFREY EPSTEIN STATEMENT PERIOD June 28.2003 THROUGH Juk 25.2003 ACCOUNT NUMBER TAXPAYER ERASER OR File LAST STATEMENT June 27.2003 DATE CESCRPTION SYMBOJCVSIP QUANTITY RATE (ST DEBIT AMOUNT MEDD AMOUNT 07/15/03 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 07/01103 PAY 07/16/03 07/15/03 GLIMCHER REALTY TRUST-Sal GRT 2,000 0.4808 961.60 REC 06/30l03 PAY 07/15/03 07/15/03 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.040.00 TRUST-MD 581 REC 06/30/03 PAY 07/15103 07/18/03 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 06/26/03 PAY 07/18103 TOTAL $7,511.60 INTEREST DATE DESORPTION 07/21/03 INTEREST ON CREDIT BALANCE 0.7500 AT 0 3/4% 06/21 THRU 06124 SYME/CIJOICIP QUANTITY RATE I%) DEBT AMOUNT OREM AMOUNT 1.45 07/21/03 INTEREST ON CREDIT BALANCE AT 0 1/2% 06125 THRU 07120 0.5000 6.92 TOTAL $8.37 End of Statement 027 07/26/03;10:09 001 nil EFTA00200765 CLEARED THROUGH ITS scisCirl 096E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEEISITE ZICHERMAN.IRA 674 \1 bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 6 Your Messages 8 Your Portfolio at a Glance 11111111111111111 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Egwvalent 4,-A 174 96 TOTAL VAWE OF SECURITIES THIS PERIOD' 3.927,477 ri:trn1:1 $546.819 NET CREDIT BALANCE 17.496 Equities NET EQUITY THIS PERIOD $3,944,973 NET EQUITY LAST STATEMENT 5,799,343 CHANGE SINCE LAST STATEMENT -1,854,370 Mu portfolio adobes Oro or mw unposed moan out we not related a te. Taal Yana of Setabes and the Hee Eclat/ Die 15. 8911 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza loped oaf drforonoe a easfactis of ChICkS Of MOCKS. Oldlanal as 6210303a 10 yell. to deal Swam at 800611.1128: a tort HI Clam Sonnets a Bow. Smarr@ &comas Cap.. One lAttoltai Coolie Halls Brodbri, N Y 112014859 Flied Income 93.927.477 . . . . . . . . . . . . • • • • • . . . . . . . . . . 1.200.000 MI Current market value NM Last statements market value $4.051.448 Beer. Szarns Se8ratl CaP. Ore Metsolcoh Center North 8rookron. Nee Year 11201.1859 JEFFREY EPSTEIN STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 30.2003 St THS summary n fa mfOenlaanel psrPosts only Ikea derided inlet downent Ilvs =tonere should be released for your records See reverses.* fanatic< agamalca 027 06280312:00 001 Important Message Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. 11808 EFTA00200766 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Brocklln• New VC* 11201.0858 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0028.132:12:00 001 Y808 EFTA00200767 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis THIS PERIOD Income Summary RC PERIOD YEAS TO DATE Dividends 15.169.36 43,982.46 Opening Balance 5123.298.47 Other Dividends 583.22 3,162.50 Securities Sold 1.200.000.00 Muni Bond Int. 1,842.74 9,162.43 Money Fund 424,487.67 Credit Balance Int. 81.52 449.24 Dividends/Interest 17,093.62 Total $17,676.84 $56.756.63 Amount Credited $1.641.581.29 Money Fund -383.65 Funds Withdrawn -1/47.000.00 Portfolio Composition Amount Debited $-1 747 383.65 Cash/Cash Equivalent 17.496 Equities 3.927.477 Net Cash Activity -105.802.36 Total 53.944.973 ClosingBalance $17 496 11 Cash Balance Summary OPENING CUZISINO Cash 123.298.47 17,496.11 Net Cash Balance $123.298.47 $17.496.11 027 0628.131:12:00 001 Beet. SZetrns S0N, t4,1 Dap. OtoLlebetech Cella North Becck/on. Hew Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERO) May 31.2003 THROUGH June 27.2003 ACCCUNT NUMBER TAXPAYER WEBER On File LAST STATEMENT May 30.2003 Your Portfolio Allocation Cash 8, Equivalent -• <1% I— Equities 99% UnsPadatl ',oceans deo* debt Wane" emit, ;hal market vetca. Tie decay, percenwie is clewed Item to absolute marital value of lw palioo V808 EFTA00200768 CLEARED 'THROUGH RS ?mow, OMIE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 ri Beer. Szea•ns SON, t4,1 COP Cc* Mevolech Cantor North acedCon. New Ye* I I201.38S9 JEFFREY EPSTEIN STATEMENT PER100 May 31.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER June 27.2003 CASH & CASH EQUIVALENTS TAXPAYER KAMER On Flk LAST STATEMENT May 30.2003 IMRKE1 ESTIMATED CUAPENT DESCRIPTION SIMBOLCUSIP QUANTITY PACE VALUE NVUAL MCCUE VE101'4) CASH BALANCE 17.496 TOTAL CASH & CASH EQUIVALENTS $17,496 EQUITIES Equities & Options ACCT MATOCET ESTMATED CURRENT DESCRIPTION SYMBOUCUSIP TOE QUANTITY PRCE VALUE ANNUAL tiCOME VELD PM CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.4800 52.400 4.300 8.2061 FELCOR LODGING TRUST INC FCH CASH 2.000 7.8000 15.600 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.4800 38.960 3.440 8.8296 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 22.5100 45.020 3.846 8.5429 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.2000 92,000 8.000 8.6957 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.1400 62,280 5.760 9.2486 S8I JOHNSON& JOHNSON JNJ CASH 57.800 51.5400 2.979.012 55.488 1.8626 KRAMONT REALTY TRUST KRT CASH 2.000 16.8800 33.760 2.600 7.7014 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.6900 17,305 889 5.1372 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 23.1900 278,280 20.160 7.2445 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6400 1.640 027 0612843:12:00 001 Y808 EFTA00200769 CLEARED THROUGH DS vngkiv OM E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 STEARNS Beer. SZeirns S0N, t4,1 Cory. Ore Metselech Car:1N North Becci0on. New VC* 11201.38S9 JEFFREY EPSTEIN 5 vi Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURFEW STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER WESER On FOE LAST STATEMENT May 30.2003 DESCRPTION S1MBOUCLISIP TYPE OUAMITT ?PIE VALLE ANNUAL INCOME YE1D1/4 TOO INC TOO CASH 15,600 19.9500 311.220 Total Equities& Options $3.927.477 $104,483 TOTAL EQUITIES $3.927.477 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104.483 YOUR PRICED PORTFOLIOHOLDINGS 53,944.973 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSAC110/1 06/18/03 06/18/03 SOLD CESCRPTION METROPOLITAN TRANSN AUTH N Y REV FFDO-SER D-2 DUE 11(01/2032 01.000% SUBJ TO EXTRA ORD CALL FF OPT PUT 7D YIELD 1,000 %TO MATURITY STM80..CuSP OVANTITY viva -1,200,000 100.00000 ACCR. INT. DEBIT AMOUNT CREPT M.VUNT 1,200,000.00 540.82 TOTAL $1,200,540.82 027 002/1031:12:00 001 YS09 EFTA00200770 CLEARED THRWGH ITS ?RIMY CA1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS DVE 06/18/03 FND WIRED PANS44,1' DESCRPTIoN DEMI AMOUNT CREDIT AMOUNT WIRED TO 1,047,000.00 06/19/03 FND WIRED WIRED TO 700.000.00 TOTAL s-1.747.000.00 MONEY FUND ACTIVITY Beer. SZeirhs S0C,r44,1 Cory. 0-41km:tech Center North Beccidon. New VC* I1201.38S9 JEFFREY EPSTEIN STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT May 30.2003 DATE MODAY TRANSACTION DESCRIPTION SYMEadtt/SIP PRICE DEBIT AMOUNT CREDIT AMOUNT 05/31/03 OPENINGBALANCE 423.520.80 06102/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 383.65 MANAGEMENT INSTL SH MONTHLY DIVIDEND 0602/03 REINVEST DREYFUS TAX EXEMPT CASH DEIXX 383.65 383.65 MANAGEMENT INSTL SH DIVIDEND REINVESTED 06/19/03 SOLD DREYFUS TAX EXEMPT CASH DEIXX -423,904.45 1.0000 423.904.45 MANAGEMENT INSTL SH 06/20/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 199.57 MANAGEMENT INSTL SH DINS 06/27/03 CLOSING BALANCE 0.00 TOTAL 5-383.65 5424.487.67 027 002(031:12:00 001 V808 EFTA00200771 CLEARED THRWGH ITS VIIleklY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 7 vi Transaction Detail (continued) DIVIDENDS 808f. Saea•ns S0N, t4,1 COO. Ore Meesetech Cella North 0eock11n. New Yak 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER AMBER CO File LAST STATEMENT May 30.2003 DATE DESORPTION STMEICUOUSIP CAMAIMY RATE (5) DEBIT AMOUN' MEM AMOUNT 06/10103 JOHNSON& JOHNSON JNJ 57.800 0.2400 13,872.00 REC 05/20+03 PAY 06/10/03 0613/03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2150 1,075.00 REC 06432/03 PAY 06/303 06/13/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 INC REC 05/23/03 PAY 06/303 TOTAL $15.169.36 INTEREST DATE OESCRETION 06/02/03 METROPOLITAN TRANSN AUTH N Y REV Rpoo-sER D-2 DUE 11/01/2032 1.150 REG INT ON 1200000 MD REC 05130/03 PAY 06/02/03 SYMOCUCUSIP MAMMY RATE l%4 CUM AMOUNT CREDIT AMOUNT 1,200,000 1.301.92 06/23/03 INTEREST ON CREDIT BALANCE AT 0 3!4% 05/21 THRU 06/20 0.7500 81.52 TOTAL $1.383.44 027 OW843:12:00 001 Y808 EFTA00200772 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 8 vi Your messages With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio, Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features. Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity. Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. End of Statement Beef. Ne9•n5 Seceet.1 COO. CeoLletsolech Cant“ North BecciOon. New Ye* II2DI.38S9 JEFFREY EPSTEIN STATEMENT PERO) May 31.2003 THROUGH June 27.2003 ACCCUNT NUMBER TAXPAYER WESER Cfl File LAST STATEMENT May 30.2003 027 0228.133:12:00 001 Y808 EFTA00200773 CLEARED THROWN ITS YiHMV CAM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nen York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE CHERMAN.IRA 0.M% uearstearrts.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' LONG ACCRUED INTEREST NET CREDIT BALANCE MONEY MARKET FUND BALANCE 5,251,448 1,076 123,298 423,521 NET EQUITY THIS PERIOD $5,799,343 NET EQUITY LAST STATEMENT 5,881,585 CHANGE SINCE LAST STATEMENT -82,242 •TNs poach, ncludas cm or man urmikocl 000aos rat we not Mooted V, to Total VatJo 01 Socurtios arc no Not soggy TM Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. lilt' 111lI I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK MATER B-3 ST THOMAS VI 00802 Cash 8 Equivalent Equities — Income Fixed Roza copal ant Mama a rawilazia ol ctoclm or socks. nelicalal as doltraoti lo you. 10 Olool &onion 01 80O611.1128: a yrnto 10 Clad Santos at Boot Stow@ SauMos Caw.. One lActolali Coma North. BrooN,n, NY I I201.9Bee Market Value of Your Portfolio $546.819 $541.749 SI.200.030 SI .200.000 ME Current market value ma Last statement's market value $4,05 I .448 $4.138.756 Beef. Stairn5 SON, 081 Cap. O-4 Metsolech Gorda North Secck/on, New Tait 11201'3859 JEFFREY EPSTEIN STATEMENT PERIOD April 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER MAISER On File LAST STATEMENT April 25.2003 St //18 RATRUP/to W ITT0TITMO0wal rams only a asta canard as a'am tbaniet Tin statnrc ORM be maned for your words See mons Ws to npxon riconKan 027 0531,03:IS:SO 001 EFTA00200774 CLEARED 1HROUGH NS vriseklY O"EO S0BSIDIARY 808r. Saee•ns S0N, t4,1 COO. CeolActsolech Cantot North Broeklln• New Tuft 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 O53103:15:30 001 V644 EFTA00200775 CLEARED THRO00H ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 Cash Flow Analysis THIS PERIO0 Income Summary RC PERIOD YEAS TO DATE Opening Balance $118,592.07 Dividends 3,440.00 28,813.10 Other Dividends 363.57 2,579.28 Money Fund 363.57 Muni Bond Int. 1.191.78 7,319.69 Dividends Interest 4,706.40 Credit Balance Int. 74.62 367.72 Amount Credited $5.069.97 Total $5,069.97 $39,079.79 Money Fund -363.57 Amount Debited $-363.57 Portfolio Composition Net Cash Activity 4.706.40 Cash/Cash Equivalent 546,819 ClosingBalance $123.298.47 Equities 4.051,448 Fixed Income 1.200,000 Total $5,798,267 Cash Balance Summary 02Et. AO OL06IN0 Cash 118.592.07 123.298.47 Net Cash Balance $118,592.07 $123.298.47 027 0531,03:15:30 001 808f. Screams SON, t4,1 Cap. Ore Meesetech Cella North BecciOon. New Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD PPr8 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER WEBER On File LAST STATEMENT *11 25.2003 Your Portfolio Allocation Cash & Equivalent — 9% uno-oos pororis oeno* oa0r lnio, ce onto* 001 male wives Tha elotrahri certenur is pe•aed Irynlv 0t0e.te morket 00,), 01 ycv 00000 Y644 EFTA00200776 CLEARED THRouGH Ns mucky? Omn.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPTION CASH BALANCE S/MBOL,CuSiP MIMS ESTIMAIE0 CLARENT OUANTIN PRICE VALUE NO.VAL INCOME 03.0 1%) 123,298 DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH EST 30 DAY AVG WELD 10400% TOTAL CASH & CASH EQUIVALENTS 0El/et 423,520.80 1.0000 423,521 4,235 1.0000 $546,819 $4,235 EQUITIES Equities & Options DESCRPTION S1MBOLUSIP ACCT TIPS *JAUNTY PRICE WW1 VALLE ESTIME0 ANMJAL INCOME CURRENT yiEU:11%) CANMORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.0400 50.200 4.300 8.5657 FELCOR LODGING TRUST INC FCH CASH 2.000 8.4900 16.980 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.6500 37,300 3.440 9.2225 GLIMCHER REALTY TRUST-Sal GRT CASH 2,000 21.8200 43,640 3.846 8.8130 HRPT PROPERTIES TR-SBI HRP CASH 10,000 9.4900 94,900 8,000 8.4299 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 31.5900 63,180 5.760 9.1168 S81 JOHNSON& JOHNSON JNJ CASH 57,800 54.3500 3,141,430 55.488 1.7663 KRAMONT REALTY TRUST KRT CASH 2,000 16.2500 32,500 2,600 8.0000 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.2900 17.130 889 5.1897 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 23.3900 280.680 20.160 7.1826 TRUST-MD MI Beer. Szeirns SOC.r.t4.1 COO. 0-4 Metsdech Comer North Becdoon. New Tom 11201 3559 JEFFREY EPSTEIN STATEMENT PERIOD *11 26. 2003 THROUGH May 30.2003 AcccuNT NUMBER TAXPAYER WEISER On File LAST sTATEmENT *11 25.2003 027 0531,03:15:30 001 V644 EFTA00200777 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 5 vi Your Portfolio Holdings (continued) Equities & Options (continued) ACC! DESORPTION SYMBatuSie 119E SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 MARKET ESTMATED CURIeff PACE VALUE ANNUAL INCOIAE YELD NG 1.6000 1.600 TOO INC Total Equities& Options $4.051.448 $104.483 TOO CASH 15.600 17.4300 271,908 TOTAL EQUITIES $4.051.448 $104,483 FIXED INCOME Municipal Bonds DESORPTION ACCT SVIMOUCLISP TYPE Beef. Retires Seceet.1 COO. OtoMetsclech Car:Ng NOM BecciOon. New Ye* I I2DI.38S9 JEFFREY EPSTEIN STATEMENT PERIOD PPOI 26. 2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER AVUSER On File LAST STATEMENT *11 25.2003 ACCRUED IMED MINIM GUMMY PRICE MARKET VALLE INTEREST ANIMM AL INCOME YEW IV METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,076 13,800 1.1500 REV RFOG-SER D-2 DATED DATE 05+30102 BOOK ENTRY ONLY FSA INSURED DUE 11/01/2032 1.150% RATING: S&P A-1+ Total MunicipalBonds 51.200.000 $1.076 $13.800 TOTAL FIXED INCOME $1.200.000 $1.076 $13.800 YOUR TOTAL ACCRUED INTEREST $1,076 YOUR TOTAL ESTIMATED ANNUAL INCOME $122.518 YOUR PRICED PORTFOLIOHOLDINGS $5,798,267 02T 05.3i,03:i50.0 001 EFTA00200778 CLEARED THROUGH ns ?mow, CAM,;(0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSIC1KN 04/26/03 DESCRIPTION OPENINGBALANCE SYMEOUCUSIP OUPARRY PRISE 423,157.23 Beer. SZeirns SON, t4,1 COO. Cc* Meesetech Cella North Beccidon. New Yak 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD APM 26. 2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER AVNEER Cel File LAST STATEMENT April 25.2003 DEBIT mom CREDIT AMOUNT 05/01/03 DIVIDEND iiMaktitS CASH MONTHLY DIVIDEND DE)X 363.57 05/01/03 REINVEST MANAGEMENT EXEMPT CASH INSR SH DIVIDEND REINVESTED DE)X 363.57 363.57 05/30/03 CLOSINGBALANCE 423,520.80 TOTAL $363.57 $363.57 DIVIDENDS DVE 05/27_103 DESCTG'TION HOSPITALITY PROPERTIES TRUST 58I REC 04/23/03 PAY 0522/03 STMEIClittISIP HPT OVANIITY RATE IS) 2,000 0.7200 DENT AMOUNT OTEDII AMOUNT 1,440.00 05/23/03 HRPT PROPERTIES TR-SBI REC 04/23103 PAY 05123/03 HRP 10,000 0.2000 2,000.00 TOTAL $3,440.00 INTEREST DATE 05/01/03 METROPOLITAN TRANSN AUTH N Y DESCRIPTION STEICIOIJCLISIP OUANTITY RATE I%) CENT AMOUNT MEDD AMOUNT or)? oda% REC 04/30.103 PAY 05:0103 1,200,000 1,191 78 027 M31,03:15:30 001 1184A EFTA00200779 CLEARED TNRO00H ITS niCkLY OW•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Transaction Detail (continued) INTEREST (continued) Beer. SZeirns SON, t4,1 Cap. OtoMetsclech Cerra North Beccidon. New Ye* 11201.3555 JEFFREY EPSTEIN STATEMENT PERI00 PPM 26. 2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER AMBER Cfl File LAST STATEMENT *11 25.2003 D4-E DESCRIPTION SYMBCIAUSIP PAUCITY RATE I%) DEBIT AMOUNT CREW AMOUNT 05/21/03 INTEREST ONCREDIT BALANCE AT 0 3/4% 04/21 THRU05/20 0.7500 70.62 TOTAL $1,266.40 Endo( Statement 027 05,31003:15,30 001 V644 EFTA00200780 CLEARED THROUGH ITS V/HMV CAM .E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 CO. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN,IRA wuw.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* LONG ACCRUED INTEREST NET CREDIT BALANCE MONEY MARKET FUND BALANCE 5,338,756 1,080 118,592 423,157 NET EQUITY THIS PERIOD $5,881,585 NET EQUITY LAST STATEMENT 5,899,263 CHANGE SINCE LAST STATEMENT -17,678 'This patrol* ficludas ow or mon urmaco0 socuraits rat an not Modal V, Iv Total VatJa of Socuttos ars Ma Not epoxy This Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. lllllll lull, 11.11 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK MATER B-3 ST THOMAS VI 00802 Cash 8 Equivalent Equities — Fixed Income xt.:S.Si' Roza coon ant clIforonoo a Doormat( of chocks or stocks. •Micalod as diltrotod to pou. to Clioni &onion al 800611.1128: a woe* to nom SONIC.). M Boat. Steam SccuMos Caw.. One lAttokwl, Coolly Houk 8rooNyn. NY. 112014859 Market Value of Your Portfolio $541.749 Si .200000 SI .200.000 Mil Current market vale gg Last statement's market value 54.138,756 $4.165.479 Beer. SOWN. Ellewititl Cap. Ore Metsolech Canter North Secck/on. New To* 112013859 JEFFREY EPSTEIN STATEMENT PERIOD Muth 29.2003 THROUGH April 25.2003 ACCOUNT NUMBER TAXPAYER MASER On File LAST STATEMENT March 28.2003 et annITT TOI dOraradol palms* is * N ta sintled as a fa. dponrc *as Ratan shard bandana; for your records See worts We fa mpaure dynamo 027 01,2603:12:12 001 1643 EFTA00200781 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042603:12:12 001 EFTA00200782 CLEARED 1HRWGH ITS wriCkLY Ot1O.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 al Cash Flow Analysis THIS PERICO Income Summary PEN00 YEAR TO DATE Opening Balance $109,974.19 Dividends 7.511.60 25,373.10 Other Dividends 349.64 2,215.71 Money Fund 349.64 Muni Bond Int. 1.033.97 6,127.91 Dividends Interest 8,617.88 Credit Balance Int. 72.31 293.10 Amount Credited $8,967.52 Total $8,967.52 $34,009.82 Money Fund -349.64 Amount Debited 6-349.64 Portfolio Composition Net Cash Activity 8,617.88 Cash/Cash Equivalent 541,749 ClosingBalance $118.592.07 Equities 4,138.756 Fixed Income 1,200.000 Total $5,880.505 Cash Balance Summary Off?. No CLOSING Cash 109.974.19 118.592.07 Net Cash Balance $109.974.19 $118,592.07 027 042605:12:12 001 Beet Screams SONobtl Cat. OtoMettoloch Cola North Becck/on. Hew Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 29.2003 THROUGH April 25.2003 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT March 28.2003 Your Portfolio Allocation Cash & Equivalent — 9% Axed Income 20% — Equities 71% Untortlecl prow,' °tome oa0r Nano, oat., scar male wive, Tb olorahr ;events-0 to awed ham Va 00101.te market rat), or >ov patio" Y643 EFTA00200783 CLEARED THRWGH ITS niCkLY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DUCE:PROS CASH BALANCE SIMBOLCUSiP PAAPRET ESTIMATED CURRENT QUANTITY PRICE VALUE !AWOL INCONE yea au 118,592 DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH EST 30 DAY AVG YIELD 1 1400% TOTAL CASH & CASH EQUIVALENTS DEI) 423,157.23 1.0000 423,157 4,232 1.0001 $541,749 $4,232 EQUITIES Equities & Options DESCRPTION SYMBOLCUSIP ACCT TIPS OUANTITT PRICE PAANCET VALUE ESTIAME0 ANMJAL INCOME CURRENT YIELD 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unpnoed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.2300 51.150 4.250 8.3089 FELCOR LODGING TRUST INC FCH CASH 2.000 7.1100 14.220 GLEN8OROUGH REALTY TRUST INC GLB CASH 2,000 16.5100 33,020 3.440 10.4179 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 20.4800 40,960 3,846 9.3896 HRPT PROPERTIES TIISBI HRP CASH 10,000 8.9100 89.100 8,000 8.9787 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 28.5500 57.100 5,760 10.0876 S81 JOHNSON& JOHNSON JNJ CASH 57,800 56.2100 3.248.938 55.488 1.7079 KRAMONT REALTY TRUST KRT CASH 2,000 15.4000 30,800 2,600 8.4416 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.1000 17,048 872 5.1150 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 22.9100 274.920 20.160 7.3330 TRUST-MD Beer. SZeirhs SOC,,,t4,1 Cory. 0-4 Mem:tech Comer North Beccmon. New VC* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD Minh 29.2003 THROUGH April 25.2003 ACCCUNT NUMBER TAXPAYER MASER CRAW LAST STATEMENT Mardi 28.2003 027 Ot2B03:12:12 001 MSC EFTA00200784 CLEARED THROUGH ITS 0%1P.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 v. Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTATAT9) CUR EM DESCRIPTION SYMBOL CuSiP TEE 04ATITI PUCE VALLE ANNUAL INCOIAE YELD 1141 SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.7000 700 TOO INC Total Equities& Options $4.138.756 $104.416 TOO CASH 15.600 18.0000 280,800 TOTAL EQUITIES $4.138.756 $104.416 FIXED INCOME Municipal Bonds ACCT DESORPTION STIMOUCUSP TYPE OUAMITY Best. Szeirns SOC.P.t4.1 COO. Ore Metsciech Center North Beccitun. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD Minh 29.2003 THROUGH AprIl 25.2003 ACCCUST NUMBER TAXPAYER MAUSER On File LAST STATEMENT March 28.2003 ACCRUED ESTSAMED CURTIN,' PRICE MARKET VALLE INTEFEST ANNUAL MOM( YEID METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,080 16,200 1.3500 REV RFDG-SER D-2 DATED DATE 05/30,02 BOOK ENTRY ONLY FSA INSURED DUE 11!01/2032 1.350% RATING: S&P A-1+ Total MunicIpalBonds 91.200.000 $1.080 $16.200 TOTAL FIXED INCOME 91.200.000 $1.080 $16.200 YOUR TOTAL ACCRUED INTEREST $1.080 YOUR TOTAL ESTIMATED ANNUAL INCOME $124.848 YOUR PRICED PORTFOLIOHOLDINGS 95.880.505 027 0426.0312:12 001 5543 EFTA00200785 CLEARED THROUGH ITS ?RICO.? CAM.EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail MONEY FUND ACTIVITY DATE mow TRANSACION DESCRIPTICN 03/29/03 OPENINGBALANCE SYMBOUCUSIP Beer. szeirns socv,ht, Cap. Ore Mevolech Contm North Beccidon. New VC* 112012559 JEFFREY EPSTEIN STATEMENT PERIOD March 29.2003 THROUGH Apra 25.2003 ACCOUNT NUMBER TAXPAYER KINSER Cfl FIk LAST STATEMENT Manth 28.2003 mammy PRICE DEBIT AMOUNT CREDIT AMOUNT 422.807.59 04/01/03 DIVIDEND iiMaktittg CASH MONTHLY DIVIDEND DEIX 349.64 04/01/03 REINVEST MANAGEMENT EXEMPT CASH INSR SH DIVIDEND REINVESTED DER IX 349.64 349.64 04/25/03 CLOSINGBALANCE 423.157.23 TOTAL 5-349.64 $349.64 DIVIDENDS DA'E DESCRPTION STME/CIAUSIP PAUCITY RATE IS) DEBIT AMOUNT CREDIT AMOUNT 04/15/03 GLENBORDUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 04/01103 PAY 04/15/03 64risai atlikiftrlitrN YAtgrall 6.4656 441.60 REC 03131103 PAY 04/15103 04/15/03 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.04000 TRUST-MD REC 03/31103 PAY 04/15.03 04/21/03 KRAMONT REALTY TRUST KEIT 2.000 0.3250 650.00 REC 03,31/03 PAY 04/18/03 TOTAL $7.511.60 027 01,2643:12:12 001 YE13 EFTA00200786 CLEARED THROUGH ITS CMBPO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 7 v, Transaction Detail (continued) INTEREST DArE DESORPTION 04/01/03 METROPOLITAN TRANSN AUTH N Y REV e RFD: 19 GgSER 0-2(00 SYMECRAOUSIP Beet SZPAns SOC,APRI COP Ore Mevolech Cardp North Beccioon. Hew Ye* 112014869 JEFFREY EPSTEIN STATEMENT PER100 March 29.2003 THROUGH April 25.2003 ACCCUNT NUMBER TAXPAYER WIPER On File LAST STATEMENT Mardi 28.2003 OUANMY RATE I%4 DEBIT AMOUNT MEDD AMOUNT 1.200.000 1,033.97 04/21/03 INTEREST ON CREDIT BALANCE AT 0 3/4% 03/21 THRU 04/20 0.7500 72.31 TOTAL $1,106.28 End el Statement 027 0412103:12:12 001 Y643 EFTA00200787 CLEARED THROUGH nS YiHMV ChM.EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN,IRA emv.bearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Messages 8 11111111111111111 II JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD* 5,365,479 Cash & Equvalent $532,782 ,. e<ZIE:::M 6618.125 LONG ACCRUED INTEREST 1,002 Equines $4 165 479 (=> = 63.847A04 NET CREDIT BALANCE 109,974 MONEY MARKET ELAND BALANCE 422,808 Fixed 41200.000 Income $1.600.000 NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT $5,899,263 6,O66,943 MO Current market value al Last statements market value CHANGE SINCE LAST STATEMENT •167,68O 'This poach, (dudes coo or awe urmitco0 socutelos rat we not Mooted V, to Total VatJo of Swags anitho Not Scotty TM Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza rood oaf clIforonoo a nontocelat of duds or stocks. calcolocl as clothatott to you. 10 Chool Sone*. of 800614.142B: a veto to ChM SoNkos M Soot Steam Sccurnos Coy.. Coo 1.1floloch Couto. North. BrooRri, NY 112014959 Beef. St8a•nt. SON•itRI COrP Cc* Metsolech Cantor North Becck/on. New Tuft 1120/3959 JEFFREY EPSTEIN STATEMENT PERIOO WWII 1.2003 THROUGH March 28.2003 AGLOW! NUMBER TAXPAYER NULI3ER On Ale LAST STATEMENT February 28.2003 SV CThis unimarY H la nrennarenal tarpons status re franchd as a tar downers The stalwart should be waned Sc. year records Sae Nara Wt kr ripwart ricernatcA 027 0329003:11:19 001 5642 EFTA00200788 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ore Momloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 012903:11:19 001 VS02 EFTA00200789 CLEARED 1HRWGH nG OW•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis INIS PERIOD Income Summary DC FUSCO YEAR TO DATE Dividends 12,911.50 17,861.50 Opening Balance 9195,638.74 Other Dividends 321.74 1,866.07 Securities Sold 400,000.00 Muni Bond Int. 1.335.87 5,093.94 Money Fund 321.74 Credit Balance Int. 88.08 220.79 Dividends Interest 14,335.45 Total $14,657.19 $25,042.30 Amount Credited $414,657.19 Money Fund -321.74 Funds Withdrawn -500.000.00 Portfolio Composition Amount Debited $-500.321.74 Cash,Cash Equivalent 532.782 Equities 4.165.479 Net Cash Activity -85.664.55 Fixed Income 1.200.000 Closing Balance $109,974.19 Total $5.898,261 Cash Balance Summary .;;FP.LG Beet. SZeirns S0C,M*1 Cory. OtoLlevelech Center North Beccidon. New To* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Mardi 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER MASER On File LAST STATEMENT February 28.2003 Your Portfolio Allocation CLOSING Cash & Equivalent 9% Cash 195.638.74 109.974.19 Axed Income Net Cash Balance $195.638.74 $109.974.19 20% 027 012903:11:19 001 Equities 71% Untatlecl poroo” oeno* oat Nano, Jnow OM male vela, The elocahr certetwar Ormecl ham to 001,01.te market rat), 01 >ev palloo VE02 EFTA00200790 CLEARED IHRWOH ITS witCkLY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 1O179 4 Beer. SZeirns SON, 14,1 Cap. Ore Mem:leen Center North Beccidon. New VC* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Myth 1.2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS THROUGH ACCCUNT NUMBER TAXPAYER KISSER March 28.2003 OR File LAST STATEMENT Pthrulluy 28.2003 MARKET ESTILMIED CURPINT DESCREMON SIMBOLCUSiP QUANTITY ;ACE VALUE ANNUAL INCOME VELD I%) CASH BALANCE 1O9.974 DREYFUS TAX EXEMPT CASH DEI) 422.8O7.59 1.OOOO 422.8O8 3,8O5 O.8999 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.0200% TOTAL CASH & CASH EQUIVALENTS $532,782 $3.8O5 EQUITIES Equities & Options ADC! IMRI(E1 ESTMATED CAIRROVI DESCRCION SYMBOLCUSIP TYPE CILIANDTT PACE VALLE ANNUAL INCOME YIELD I%) CANISORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.OOO 9.8000 49.OOO 4.25O 8.6735 FELCOR LODGING TRUST INC FCH CASH 2.OOO 6.0600 12,12O 1.2OO 9.9O1O GLENBOROUGH REALTY TRUST INC GLB CASH 2,OOO 15.5600 31,12O 3.44O 11.O54O GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 19.2700 38,54O 3.846 9.9792 HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.6500 86.5OO 8,OOO 9.2486 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 3O.95OO 61.9OO 5,76O 9.3O53 S81 JOHNSON& JOHNSON JNJ CASH 57,800 57.38OO 3.316.564 47.396 1.4291 KRAMONT REALTY TRUST KRT CASH 2,000 15.1OOO 3O.2OO 2,6OO 8.6O93 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 38.13OO 16.625 872 5.2451 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 21.68OO 26O.16O 2O.16O 7.7491 TRUST-MD SIN 027 03,29.03:11:19 001 V642 EFTA00200791 CLEARED THRWGH ITS YrisekLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 vi Your Portfolio Holdings (continued) Equities & Options (continued) ACCT DESCRPTION SYMBWCUSIP SIRIUS SATELLITE RADIO INC SIRI CASH IMPKET ESTRUM) CURREN' 04ATETI PRCE VALUE ANNUAL INCOIAE YELD NG 1.000 0.6700 670 TOO INC Total Equities& Options TOO CASH 15.600 16.8000 262,080 $4.165.479 $97.524 TOTAL EQUITIES $4,165,479 $97.524 FIXED INCOME Municipal Bonds DESCRIPTION ACCT VINSOUCUSP TYPE Beer. SZeirns SON, t4,1 Cory. Ore Metsolech Contm North Becck/on. New Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Minh 1.2003 THROUGH Match 28.2003 ACCCUNT mom., TAXPAYER AMBER On File LAST STATEMENT PeDruEuy 28.2003 ACCRUED IMED MINIM OUANTRY PRICE IAARXET VALLE MTEFEST ANIMAL M INCOME YEW ITN METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,002 13,800 1.1500 REV RFDG-SER D-2 DATED DATE 05/30,02 BOOK ENTRY ONLY FSA INSURED DUE 1 n01/2032 1.150% RATING: S&P A-1+ Total MunicIpalBonds $1.200.000 $1.002 $13.800 TOTAL FIXED INCOME $1.200.000 $1.002 $13.800 YOUR TOTAL ACCRUED INTEREST $1.002 YOUR TOTAL ESTIMATED ANNUAL INCOME $115,129 YOUR PRICED PORTFOLIOHOLDINGS $5.898.261 027 012903:11:19 001 1542 EFTA00200792 CLEARED IHRWOH ITS CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACIVN 03/07/03 03/07/03 SOLD OESCFOPTION METROPOLITAN TRANSN AUTH N Y REV RFOG-SER D-2 DUE 11/01/2032 01.000% SUBJ TO EXTRA ORD CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL INFORMATION WILL BE PROVIDED UPON REOUEST SY1A3OUCUSIP Beer. SZeirns SON, t4,1 Cap. Cc* Metscilech Contec North Beccidon. New VC* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Mardi 1.2003 Timms Mardi 28.2003 ACCOUNT NUMBER TAXPAYER WESER On PIM LAST STATEMENT February 28.2003 OW/My ARSE DEINTAMAUNT CREPT AMOUNT -400,000 100.00000 400,000.00 ACCR. INT. 47.12 '11 A_ $400,047.12 DEPOSITS AND WITHDRAWALS DATE TILALAACTIOn. DESCRPTION 03/07/03 FND WIRED DEBIT AMOUNT CREDIT AMOUNT WIRED TO 500,000.00 TOTAL S-500.000.00 MONEY FUND ACTIVITY DATE won TRANSACTION DESCRIPTION 03/01/03 OPENINGBALANCE SYMOOLCUSIP OUANTITY MCC Cell AMOUNT CREDO AlACut/T 422.485.85 03/03/03 DIVIDEND ammaawihreg CASH MONTHLY DIVIDEND DEIXX 321.74 03/03433 REINVEST BMWANCIABM CASH DIVIDEND REINVESTED DEIXX 321.74 321.74 027 03,29.03:T1:T9 ODI EFTA00200793 CLEARED THROUGH ITS wHOM.Y CA1P.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 7 ctn Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE 113.DAY TRANS:CRON DESCRIPTION SYMBCCOUSIP 808f. SZeirns SOC,P44,1 C.00. Cc* klevalech Cont“ North Beccidon. New Ye* 11201.3869 JEFFREY EPSTEIN STATEMENT PERIOD Minh 1.2003 THROUGH Mardi 28.2003 ACCOUNT NUMBER TAXPAYER KAMER OR File LAST STATEMENT FebruEuy 28.2003 CVANTry PACE DEBIT AMOUNT CREDIT AMOUNT 03/28/03 CLOSINGBALANCE 422.807.59 TOTAL $.321.74 $321.74 DIVIDENDS DATE DESORPTION PPM:CUSP 0311;03 JOHNSON& JOHNSON JNJ REC 02/1843 PAY 03/11/03 CUANTilY RATE IS' 57.800 0.2050 DEBIT AMOUNT (SECT AMOUNT 11.849.00 03/14;03 CROWN AMERICAN REALTY TRUST REC 03/03/03 PAY 03/14/03 CWN 5.000 0.2125 1,062.50 TOTAL $12.911.50 INTEREST DATE DESCRIPTION 03/03/03 METROPOLITAN TRANSN AUTH N Y l)e- D-2 100009Mi REC 02/28;03 PAY 03/03103 SYMBOSUSIP OUANTITY RATE I14 CEINT AMOUNT CREW /MOUNT 1..600.000 1,288.75 03/21/03 INTEREST ON CREDIT BALANCE AT 0 3/4% 02/21 THRU 03/20 0.7500 88.08 TOTAL $1,376.83 027 OG.2903:11:19 001 VS02 EFTA00200794 CLEARED THROUGH ITS ?RIMY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and $2.4 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $716.3 million and $684.1 million by approximately $1.7 billion and $1.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site ww.v bearstearns.com Alternatively, to request a free printed copy please call • toll free - 1.866.299.9331. End of Statement Beer. SZeirhs S0C,r44,1 Dap. 0 -41km:tech Centm North Beccidon. New VC* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Minh 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER At/USER On File LAST STATEMENT Fearing 28.2003 Pursuant to SEC Rule 11Ac1.6, please note the following: Bear Steams & Co. Inc. will post its quarterly routing statistics at the following web link: http://wvnv.bearsteams.comf, Customers of Bear, Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request, Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 012903:11:19 001 Y602 EFTA00200795 CLEARED THRCOGH nS V/HMV OW•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Net, York 10179 ACCOUNT EXECUME TELEPHONE VISIT OUR WEBSITE ZICHaRMAN.IRA 67AV.uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERIOD' 5,447,404 LONG ACCRUED INTEREST 1,414 NET CREDIT BALANCE 195,639 MONEY MARKET FUND BALANCE 422,486 NET EQUITY THIS PERIOD $6,066,943 NET EQUITY LAST STATEMENT 6.441,591 CHANGE SINCE LAST STATEMENT -374,649 peatOM Model CM or MOO) uMOCOO mutes fat we not 10100O20 II to TOW %WM of Socunfos and ono Not early TN& Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1111,111111111111 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 Cash & Equvalent Equities F1050 coon ant clIforonoo a nontoctiot of Ones or MOCKS, eldicolod as cloltrotod to p5u. to Oeni Sonic*. of 800614.1428: a veto lo deal SOMMS a BOO/. SWIM SI:CuTOS Cup.. Co. I.Ittolocli Carlo. North. BrooRri, N Y II2014,50. FITS Income Market Value of Your Portfolio $618.125 $511.271 $1.600 000 $2.000.000 I N Current market value IN Last statements market value $3.847.404 63.928.546 Beer. Steirns SON•Iliti corp. Cc* Metsolech Center North Beccidon. New you 11201.3859 JEFFREY EPSTEIN STATEMENT PERU/ FADMIIP/ 1, 2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2003 St Tie Wing n fa SOTITRBOwal exposes caly els ra Worst, as a lam cloo.meic The staternec should be Maned for you rosy& Se /not ST Sr onward recnnaoan 027 0101(01:13:32 001 EFTA00200796 CLEARED 1HROUGH RS YrisekLY 0"E0 S0BSIDIARY 848r. Saee•ns SON, t4,1 Dap. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,01:11:02 001 VS41 EFTA00200797 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New Y New York 10179 Beet. SZeirns S0N, t4,1 Cap. Ore Metsolech Contm North Beccidon. New Tuft 11201.3859 JEFFREY EPSTEIN 3 STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER OR File THIS PEFICO 11.8S PERIOD YEAR TO DATE LAST STATEMENT January 31.2003 Opening Balance $90,329.37 Dividends 3,440.00 4,950.00 Other Dividends 1,544.33 1,544.33 Securities Sold 400,000.00 Muni Bond Int. 1,789.58 3,758.07 Money Fund 1,544.33 Credit Balance Int. 79.79 132.71 Dividends Interest 5.309.37 Total $6,853.70 $10,385.11 Amount Credited $406.853.70 Money Fund -1.544.33 Funds Withdrawn -30900900 Portfolio Composition Amount Debited $-301.544.33 CaslvCash Equivalent 618.125 Equities 3.847.404 Net Cash Activity 105,309.37 Fixed Income 1.600.000 Closing Balance $195.638.74 Total $6.065.529 Your Portfolio Allocation Cash Balance Summary .,,u,r,c CLOSING Cash 90.32937 195,638.74 Net Cash Balance $90,329.37 $195.638.74 Cash & Equivalent 10% Fixed Incom 26% Equities 64% Untatled pony,' 0en,* 0a0t ara aneo *o•I maga aye, il.o elocahr reventar is awed from ov otnol.te market rat), of )Tv palkno 027 0101.133:13:32 001 veal EFTA00200798 CLEARED THROUGH ITS 0Y1T.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Beet SZeirhs SOC,r44,1 COP. 0-4 Mem:tech Cella North Beccidon. New Ye* 112014859 JEFFREY EPSTEIN STATEMENT PERIOD ReiNUSP/ 1.2003 THROUGH February 28.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NURSER On Foe LAST STATEMENT January 31.2003 MARXE7 ESTIMAIED CURRENT DESCRPTION SYMBOLCUSiP QUANTITY PRICE VALUE NNJM. INCOME VOID I%) CASH BALANCE 195,639 DREYFUS TAX EXEMPT CASH DEDC< 422485.85 1.0000 422,486 4,225 1.0000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD .9800% TOTAL CASH & CASH EQUIVALENTS $618.125 $4,225 EQUITIES Equities & Options ADC! MARIO FEMME° CURRENT DESCRPTIOH SYMBOL:CUSP TYPE OLIMITITT PACE VALLE ANNUAL INCOME YEW 1%) CANIORN CHEMICAL CORP CNCPF CASH 19 Wonted CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.5800 47.900 4.250 8.8727 FELCOR LODGING TRUST INC FCH CASH 2.000 6.8700 13.740 1.200 8.7336 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 16.2000 32,400 3.440 10.6173 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 18.8700 37,740 3.846 10.1908 HRPT PROPERTIES TR.SBI HRP CASH 10,000 8.5100 85,100 8,000 9.4007 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 30.5600 61,120 5,760 9.4241 SBI JOHNSON& JOHNSON JNJ CASH 57,800 52.4500 3,031.610 47.396 1.5634 KRAMONT REALTY TRUST KRT CASH 2,000 14.9500 29,900 2,600 8.6957 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 37.6000 16,394 872 5.3190 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 21.0700 252.840 20.160 7.9734 TRUST-MD SBI 027 030103:13:32 001 VE41 EFTA00200799 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 5 cl Your Portfolio Holdings (continued) Equities & Options (continued) ACCT IAMIKET ESTRU) CURFOR DESORPTION SYMBOLUSIA 119E OLIAMITY PRCE VALLE ANNUAL INCOIAE Tan NI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.7600 760 TOO INC Total Equities& Options TOO CASH 15.600 15.2500 237,900 $3.847,404 $97.524 TOTAL EQUITIES $3.847.404 $97.524 FIXED INCOME Municipal Bonds DESORPTION ACCT STIMOUCUSP TYPE OUAMITY Best. Saea•ns SOC,r44,1 Cory. Ore Mem:tech Contm north BecciOon. New Ye* I I20I.38S9 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT January 31.2003 ACCRUED MIMED CURRIM PFICE IAARXET VALLE INTEFEST ANIMAL INCOME YEW nq METROPOLITAN TRANSN AUTH NY CASH 1.600,000 100.0000 1.600.000 1,414 17,600 1.1000 REV RFDG-SER 0-2 DATED DATE 05/3002 BOOK ENTRY ONLY PAR CALL 03+24/2003 FSA INSURED DUE 11/01/2032 1.100% RATING: S&P Al+ Total MunicipalBonds $1.600.000 $1.414 $17.600 TOTAL FIXED INCOME $1.600.000 $1.414 $17.600 YOUR TOTAL ACCRUED INTEREST $1,414 YOUR TOTAL ESTIMATED ANNUAL INCOME $119.349 YOUR PRICED PORTFOLIOHOLDINGS $6.065.529 02? 030] 03.ICE32 091 VS41 EFTA00200800 CLEARED THROUGH ITS CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION 02/11/03 02711/03 SOLD DESCRIPTION METROPOLITAN TRANSN AUTH N Y REV RFDG-SER D-2 DUE 11/01/2032 01.000% SUBJ TO EXTRA ORD CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL IAFORMATION WILL BE PROVIDED UPON REQUEST SYMBOL:CUSP OVANTITY -400.000 Beer. Saea•ns SOC,r44,1 COO. 0-41km:tech Cantec North Becemon. New Ye* 112013859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCCUNT NUMBER TAXPAYER MUMMER On File LAST STATEMENT January 31.2003 awcs DEBIT AMOUNT CR= AMOUNT 100.00000 400,000.00 ACC/. INT. 90.96 o $400,090.96 DEPOSITS AND WITHDRAWALS DATE IFIAMSACTION DESCRPTION 0201/03 FND WIRED DEBIT AMOUNT 300,000.00 CREDIT AMOUNT WIRED TO TOTAL 9-300,000.00 MONEY FUND ACTIVITY DATE MOAT TRANSACTION 02/01/03 DESCRIPTION OPENING BALANCE SYMEWCUSIP DUMMY PRICE 420,941.52 DEBIT AMOUNT CREDIT AMOUNT 02/03/03 DIVIDEND aNUANIEtci CASH MONTHLY DIVIDEND DEIXX 1.54433 02/03/03 REINVEST MAN CIMFTVETH CASH DIVIDEND REINVESTED DEIXX 1.54493 1.544.33 027 0101,03:13:32 001 VC41 EFTA00200801 CLEARED IHR000H ITS 095.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 7 o Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE Won TRANSACTION DESCRIPTION SYMBCCCUSiP 808f. SZPaRs S08,449 Cory. Cc* Momtech Center North &Wort New Tcot 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NURSER OR File LAST STATEMENT January 31.2003 ccmlry PACE DEBIT AMOUNT CREDIT AMOUNT 0228/03 CLOSINGBALANCE 422,485.85 TOTAL $.1.544.33 51.544.33 DIVIDENDS DATE CESCRPTKIN SYMEMCVSIP IX/AMU RATE Ifs 02/20/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 SRI REC 01/23/03 PAY 02/20/03 CEBIT AMOUNT CREDIT AMOUNT 1.440.00 02/21/03 HRPT PROPERTIES TR-SBI REC 01/17/03 PAY 02/21/03 HRP 10.000 0.2000 2.00000 TOTAL $3.440.00 INTEREST DATE MEGRIMS:IN 0203/03 METROPOLITAN TRANSN AUTH N Y 11FAP-2 0,000 RE 01%3/103 PAY MBE SYMBO_CvStP CVANTITY RATE NI CEBIT AMOUNT CREDIT AMOUNT 2,000,000 1.698.62 02/21/03 INTEREST ONCREDIT BALANCE AT 0 3,4% 01121 THRU 02.20 0.7500 79.79 TOTAL $1,778.41 027 0.3131t03:13:32 001 V841 EFTA00200802 CLEARED THROUGH ITS witMY CA1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN.IRA iTIA1 uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Messages 8 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERM* 5,928,546 LONG ACCRUED INTEREST 1,774 NET CREDIT BALANCE 90,329 MONEY MARKET FUND BALANCE 420,942 NET EQUITY THIS PERIOD $6,441,591 NET EQUITY LAST STATEMENT 9,547,300 CHANGE SINCE LAST STATEMENT -3,105,709 'Tin portfolio anucles an or moro unpaid socursos rat we not Moan in to Total YHA of Sowings ad the Not Em my Thls Porod There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111111111 I I JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK MATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equvalent —NW / 51 Cr-CM) $3.498.171 Equines — Mono ropmi any Mann a contostiot of [NCI% or stocks, calcolod as dolicoma to you. to Clem Sonion at 800611.1128: a -IM to Clam SONICOS M Som. Swann Sccumos Cal). Doe lAtreoloch Cools( Korth. BroeUri, NY 112014858 Fixed Income . . . “O- $2.000.000 $2.000.000 I N Current market value Last statements market value $3.928.548 $4.046.710 Beer. Stearns Seewitiel COrP. Coo Mcoolesh Center HMO BCCCi001. New VC* 112014859 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER NUSI3ER OR File LAST STATEMENT December 31.2002 Sit INS SmYnSTY fc• tfOrnIneoel summits only It rateland natal &WW 1 Tin staternere should be manors, your records e1 momenta, mown nano, 027 0201.03:15:38 001 v640 EFTA00200803 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.levolech Cella North Brocklln• New VC* 11201.3859 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,03:15:36 001 V840 EFTA00200804 CLEARED 1HRWGH na vmOUv 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 3 v. .” Cash Flow Analysis THIS PERIOD Income Summary PERIOD YEAS TO DATE Opening Balance $80,376.36 Dividends 1.510.00 1.510.00 Muni Bond Int. 1.968.49 1.968.49 Money Fund 3,003,146.58 Credit Balance Int. 52.92 52.92 Dividends Interest 9.953.01 Total $3,531.41 $3,531.41 Amount Credited $3.013.099.59 Money Fund -3.146.58 Funds Withdrawn -3,000.000.00 Portfolio Composition Amount Debited $.3 003 146.58 CashICash Equivalent 511,271 Net Cash Activity 9.953.01 Equities 3.928.546 Fixed Income 2.000.000 ClosingBalance $90,329.37 Total $6,439,817 Cash Balance Summary CPO, r,G Cash 80.376.36 CLOSING 90,329.37 Net Cash Balance $80.376.36 $90,329.37 027 0201,01:16:36 001 Beer. SZeirns SON, t4,1 COrP 0 -4 Mevolech Center North BrodCon. New Tuft II201.3SS9 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER KISSER On FIN LAST STATEMENT December 31.2002 Your Portfolio Allocation Cash 8 Equivalent 7% Fixed Incom 31St Equities 62% I./nevem, pone, ' coma oar Dee, ce onto* Or, male aye, The ol000m ;events,' to awed from to otwol.te market rat), 01 Kv patio" V640 EFTA00200805 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPTION CASH BALANCE SYMBOLCUSiP MARKET ESTIMATED CURPENT QUANTITY PRICE VALUE ANNJAL PONE VELD I%4 90,329 DREYFUS TAX EXEMPT CASH DEI) 420,941.52 1.0000 420,942 4.630 1.0999 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 10400% TOTAL CASH & CASH EQUIVALENTS $511,271 $4.630 EQUITIES Equities & Options DESORPTION SYMBOLCUSIP SOOT TIPS OUANTITT PACE MARKET VALLE Gummi) ANTOJAL INCOIAE clIFIF6VT YIELD 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.0500 45.250 4.250 9.3923 FELCOR LODGING TRUST INC FCH CASH 2.000 10.4500 20.900 1.200 5.7416 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 16.7800 33.560 3.440 10.2503 GLIMCHER REALTY TRUSTSBI GRT CASH 2,000 17.5300 35,060 3.846 10.9698 HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.3900 83.900 8,000 9.5352 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 32.4000 64.800 5,760 8.8889 881 JOHNSON& JOHNSON JNJ CASH 57,800 53.6100 3.098.658 47.396 1.5296 KRAMONT REALTY TRUST KRT CASH 2,000 14.9000 29,800 2,600 8.7248 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 36.6000 15.958 872 5.4643 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 19.9800 239.760 20.160 8.4084 TRUST-MD SBI Beer. Saea•ns SOC,M*1 Cory. Ore Momtech Center North BredCon. New VC* 112014869 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MASSER On File LAST STATEMENT December 31.2002 027 020143:16:36 001 V640 EFTA00200806 CLEARED THROUGH ns ?mow, °ME° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 5 0 .” Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTMATED CURIeff DESCRPTION SvkiBa,CuSik 119E OUANTITY PACE VALLE ANNUAL INCO1AE YELD NI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.1600 1.160 TOO INC Total Equities& Options TOO CASH 15.600 16.6500 259,740 $3.928.546 $97.524 TOTAL EQUITIES $3,928,546 $97.524 FIXED INCOME Municipal Bonds DESCRPRON ACCT SV14301)CLISP TYPE Best. Stows Soc.nker Cory. O-4 Metselech Center North BecciOon. New VC* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MASSER On File LAST STATEMENT December 31.2002 ACCFIUED =leg DUMMY PFICE MARKET VALLE INTEREST ANIMAL ESTIAMED INCOME YEW (14 METROPOLITAN TRANSN AUTH N Y REV RFDG-SER 0-2 DATED DATE 05/3002 BOOK ENTRY ONLY PAR CALL 02/27/2003 FSA INSURED DUE 11/01/2032 1.100% RATING: S&P A-1+ Total MunicipalBonds CASH 2.000,000 100.0000 2.000.000 1,774 22,000 1.1000 $2.000.000 $1.774 $22.000 TOTAL FIXED INCOME $2.000.000 $1.774 $22.000 YOUR TOTAL ACCRUED INTEREST $1,774 YOUR TOTAL ESTIMATED ANNUAL INCOME $124.154 YOUR PRICED PORTFOLIOHOLDINGS $6.439.817 027 0201,03:15:36 001 VE40 EFTA00200807 CLEARED THROUGH ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE 01/22/03 TRADE DATE TRANSACTION EXCHANGE DESORPTION CENTER TR INC C009597 TO P004271 MERGERO,218 PAN PACIFIC PAN PACIFIC RETAIL PROPERTIES INC P004271 FROM 0009597 MERGER@,218 PAN PACIFIC STME/OLCUSP OVANTITY -2,000 emu Beer. SZeirns SON•PRI COP Ore Metsolech Contp North Beano. New re* 1120/3969 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCCUNT NUMBER TAXPAYER WIPER On File LAST STATEMENT December 31, 2002 DEBIT AMOUNT CHEM MONO 01/22/03 EXCHANGE PNP 436 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTI3N DiSCRVICN 01/08!03 FND WIRED TO 01/31/03 FND WIRED DEBIT AMOUNT CREDIT AMOUNT 2.000.000.00 WIRED 10 1.000.000.00 TOTAL $-3.000.000.00 MONEY FUND ACTIVITY DATE MODAT TRYISACTIEN 01/01/03 DESCRIPTION OPENING BALANCE STIADOLOUSIP OUNIRITT PRCE MIT AMOUNT CREDIT AMOUNT 3,417,794.94 01/02/03 REINVEST DREYFUS TM EXEMPT CASH MANAGEMENT INSTL SH DIVIDEND REINVESTED DEIXX 3,146.58 3.146.58 027 0201,01:16:36 001 V640 EFTA00200808 CLEARED THROUGH ns vniotty OW ,;(0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 7 c. Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE thaDAT TRANSACTK81 01/02/03 DIVIDEND DESCRIPTON aNUAII/fIMTVEH CASH AMT INCWOED IN 2002 - 1099 Beet SZeirns SON, t4,1 COO. Cc* Momtech Center North 0eock11n. New VC* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MAWR OT1FIle LAST STATEMENT December 31.2002 SYMEWCVSIP awry PRICE DEBIT AMOUNT CREDIT AMOUNT DEW( 3,146.58 01/08/03 SOLD aNUAN CIMFTVETH CASH DEll0( -2.000.000 1.0000 2,000,000.00 01/31/03 SOLD DREYFUS TAX EXEMPT CASH DEW -1.000.000 1.0000 1,000,000.00 MANAGEMENT INSTL SH 01/31/03 CLOSINGBALANCE 420,941.52 TOTAL $-3,146.58 $3.003.146.58 DIVIDENDS DATE DESORPTION STMEICUCVSIP OWAFFITY RATE (S) DENT AMOUNT CREDIT AMOUNT 01/15/03 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.4300 860.00 REC 01/01103 PAY 01/15/03 01/15/03 GLIMCHER REALTY TRUST-SRI GRT 961.60 CASH DIV ON 2000 SHS REC 12/31/02 PAY 01/1503 AMOUNT INCLUDED ON 2002-1099 01/17/03 CENTER TR INC CASH DIV ON 2000 SHS REC 12/31/02 PAY 01/17103 AMOUNT INCLUDED ON 2002-1099 grifi761"VVENTAEXLIVYNUAT REC 01/0203 PAY 01/2003 120.00 2.000 0.3250 650.00 01/21/03 RAMCO GERSHENSON PROPERTIES RPT 5.040.00 TRUST-MD Sal CASH DIV ON 12000 SHS REC 12/31/02 PAY 01/21103 AMOUNT INCLUDED ON 2002-1099 027 D201.03:15:36 001 VC,40 EFTA00200809 CLEARED IHRWOH ITS niCkly OW •E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 8 o Transaction Detail (continued) DIVIDENDS (continued) DATE DESGRPTION SYMEICILICVSIP QUANTITY RATE tel 01/31/03 FELCOR LODGING TRUST INC POI CASH DN ON 2000 SHS REC 12/31/02 PAY 01/31/03 AMOUNT INCLUDED ON 2002-1099 DEBIT AMOUNT Beer. SZeirns Sec , t44 Cory. Cc* Mevolech Center North &Wort New Ye* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER NUUSER CO File LAST STATEMENT December 31.2002 CREDO AMOUNT 300.00 TOTAL $7.931.60 INTEREST DATE OESCRVTION 01/02/03 METROPOLITAN TRANSN AUTH N Y FEY RRIG-SER* D-2 Me d STME/CIAUSIP DUMMY RATE I% 2,000,000 1.5000 DEBT AMOUNT CREDO AMOUNT 1,968.49 01/21/03 INTEREST ON CREDIT BALANCE AT 0 3/4% 12/21 THRU 12/30 0.7500 16.74 01121/03 INTEREST ON CREDIT BALANCE AT 0 3(4% 12/31 THRU 01/20 0.7500 36.18 TOTAL $2.021.41 Your messages I1W The interest, if any, charged to your account during December 2002 was computed on the net debit balance through December 30, The interest, it any, charged to your account during January 2003 is computed from December 31, 2002, 027 0201,03:16:34 001 VB40 EFTA00200810